In 2009, Simplon Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business. The company still operates its retail outlets. A listing of the major sections of an income statement follows:
A. Income (loss) from continuing operations
B. Income (loss) from operating, or gain (loss) from disposing, a discontinued segment
C. Extraordinary gain (loss)
Indicate where each of the following income-related items for this company appears on its 2009 income statement by writing the letter of the appropriate section in the blank beside eachitem.

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Section Item Debit Credle I. Net sales 2. Galn on state's condemnation $3,000,000 330,000 of company property (net of ax) 3. Cost of goods sold .. . $1,580.000 117,000 332.500 5. Depreciation expense.. 6. Galn on sale of wholesale business nse segment (net of tax) . 875,000 7. Loss from operating wholesale business segment (net of tax) . .. . 544.000 740.000